Debt move: Petrobras (NYSE: PBR) calls US$670,009,000 7.375% 2027 notes
Rhea-AI Filing Summary
Petróleo Brasileiro S.A. – Petrobras, through its subsidiary Petrobras Global Finance B.V., will redeem US$670,009,000 of its 7.375% Global Notes due 2027 on June 26, 2026. Holders will receive a redemption price of approximately US$1,016.037154 per US$1,000 principal, including a make-whole premium.
The total redemption price to be paid to noteholders is US$680,754,037.51, plus accrued and unpaid interest of US$21,824,147.32 (about US$32.572917 per US$1,000) from January 17, 2026 to the day before redemption. Interest stops accruing on the redemption date, and the notes and Petrobras’s guaranty will be cancelled, funded with PGF’s cash on hand.
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Key Figures
Principal redeemed: US$670,009,000
Coupon rate: 7.375%
Redemption price per 1,000: US$1,016.037154
+5 more
8 metrics
Principal redeemed
US$670,009,000
Aggregate principal amount of 7.375% Global Notes due 2027 to be redeemed
Coupon rate
7.375%
Annual interest rate on the Global Notes due 2027
Redemption price per 1,000
US$1,016.037154
Per US$1,000 principal, including make-whole premium
Total redemption price
US$680,754,037.51
Aggregate amount constituting the redemption price for the notes
Make-whole premium total
US$10,745,037.51
Total make-whole premium included in the redemption price
Accrued interest total
US$21,824,147.32
Accrued and unpaid interest from January 17, 2026 to before June 26, 2026
Accrued interest per 1,000
US$32.572917
Interest per US$1,000 principal through the day before redemption
Redemption date
June 26, 2026
Date on which the 7.375% Global Notes due 2027 will be redeemed
Key Terms
make-whole premium, accrued and unpaid interest, redemption date, Global Notes, +1 more
5 terms
accrued and unpaid interest financial
"In addition to the redemption price, holders will receive accrued and unpaid interest"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
redemption date financial
"As previously announced, the redemption date for the Notes will be June 26, 2026"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
Global Notes financial
"7.375% Global Notes due 2027"
forward-looking statements regulatory
"This announcement contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What notes is Petrobras (PBR) redeeming in this Form 6-K?
Petrobras, via Petrobras Global Finance B.V., is redeeming its 7.375% Global Notes due 2027. The aggregate principal amount being redeemed is US$670,009,000, fully cancelling these notes and the related Petrobras guaranty on the redemption date.
What is the redemption price for Petrobras’s 7.375% 2027 global notes?
The redemption price is approximately US$1,016.037154 per US$1,000 principal amount. This figure includes a make-whole premium of about US$16.037154 per US$1,000, as disclosed in the notice to holders of the 7.375% Global Notes due 2027.
How much will Petrobras pay in total to redeem the 2027 notes?
Petrobras will pay a total redemption price of US$680,754,037.51 for the notes. In addition, holders will receive accrued and unpaid interest of US$21,824,147.32 from January 17, 2026 to just before the June 26, 2026 redemption date.
What accrued interest will holders of Petrobras (PBR) 2027 notes receive?
Holders will receive accrued and unpaid interest of US$21,824,147.32 on the principal amount. This corresponds to approximately US$32.572917 per US$1,000 principal, covering the period from January 17, 2026 up to, but not including, the June 26, 2026 redemption date.
How will Petrobras fund the redemption of the 7.375% 2027 notes?
Petrobras states that Petrobras Global Finance B.V. intends to fund the redemption amounts using available cash on hand. Payment will be made to the trustee, then through The Depositary Trust Company, to reach noteholders before the June 26, 2026 redemption date.